What to trade around Euro Area Consumer Confidence Flash news event

Past performance is not an indicator of future results.
Based on the last 12 Consumer Confidence Flash events in Euro Area, we expect AUDUSD to trend upwards right now. Based on these past events there is a 66.67% chance of this. We expect AUDUSD to trend upwards for the next 2 hours because the released value is > -7.8. A price movement of 8 pips is expected.

Historical events that allowed us to draw this conclusion

23 Oct 15:00

20 Apr 15:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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